6005 SE 51ST AVE, Portland, OR 97206

$1,998,000
List Price
$1,998,000
Price Change
▼ $102,000 1601337501
Days on Market
34
MLS#
20037488
Property Type
Multifamily
Lot Size
5, 000 to 6, 999 SqFt
Region
Portland Southeast
Status
Active

Property Description

Located in SE Portland's trendy Woodstock neighborhood. Stock's 5 units consist of a newly built fourplex and an extensively remodeled single family home. Stock is one of the latest development projects from one of Portland's most experienced local multifamily developers, WDC Properties. The fourplex consists of two 2 bed / 1 bath units and two 3 bed / 2 bath units, with the new construction units all pre-leased at the beginning of construction.

Additional Information

Tax Amount
$1
Year Built
2020
High School
Cleveland
Elementary School
Lewis
Middle School
Sellwood
Subdivision
Woodstock
Terms
Cash
Fuel Description
Electricity
Heating Description
Baseboard
Roof Type
Composition
Sewer Description
Public Sewer
Water Description
Public
Sq Ft Approximate Building Total
5271
Capitalization Rate
4.85
Operating Expenses Actual
28414
Gross Income Actual
136856
Gross Rent Multiplier
14.60
Net Income Actual
101814
Occupancy Types
Leased
Number Of Units Total
5
Unit Type One Baths Total
1
Unit Type One Beds Total
2
Unit Type One Rent
1899
Unit Type One Sq Ft
790
Unit Type One Units Total
2
Unit Type Two Baths Total
1
Unit Type Two Beds Total
3
Unit Type Two Rent
2150
Unit Type Two Sq Ft
1131
Unit Type Two Units Total
1
Unit Type Three Baths Total
2
Unit Type Three Beds Total
3
Unit Type Three Rent
2550
Unit Type Three Sq Ft
1280
Unit Type Three Units Total
2

Mortgage Calculator

Amount of Loan
Annual Interest Rate
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Term of Loan
Years

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Calculator source: Real Geeks

Listing courtesy of Premiere Property Group, LLC.

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